Jovian Capital Corporation T.JOV

$3 cash then what

[DTM5]

Sellers know that after the $3 is paid out the stock will be down maybe more than that amount, plus there is no liquidity so the stock may fall further.

[bigkagan]

they'll be kicking themselves if the drop is small and then the stock recovers due to the good economy because these money management companies like JOV always do well in a good economy. JOV has already a tiny $80 mil. cap, can't get much lower. I expect to make a tidy profit next week

[bigkagan]

you mean to say it's going BK? Unless it's going BK it will recover from any kind of drop. The $6 billion under management will still be there

[bigkagan]

Both GS and JOV have $6 bil. under management but GS has a $230 mil. cap. Hopefully Fiera will buy JOV soon - $6 bil. in assets is nothing to sneeze at

[DTM5]

I have owned JOV stoct twice in the last 10 years - bought it when the company looked worse than it is and traded it.  Did very well.   The JOV is a perennial money loser;  Most of its assets are lower margin 'assets under administration' and spread across several disorganized subsidiaries.   Also, JOV's management's integrity and professionalism is highly

[bigkagan]

do you own stock as of today like I do? I'll be getting cool hard cash tomorrow god willing and what happens after only god knows, maybe Fiera will buy it for the lunch money

[bigkagan]

I'll be scared to watch the stock tomorrow, hehe

[bigkagan]

so far so good. Don't sell your stocks today in order to be on a safe side and not trampled in the rush to the exits

[bigkagan]

I've read the press release one more time and it appears you have to keep the stock until Dec.14 to qualify for the divi so it's two more weeks for me at least. Meanwhile JOV will hopefully make some deals which will bolster the SP, c'mon guys I know you can do it, hehe

[bigkagan]

because the divi is so big it has special rules, you almost need a lawyer to understand them, it's not like the regular divi you get from the banks

[bigkagan]

the best thing JOV can do to bolster the SP is to put itself out for sale like hiring an investment bank to advice it about all the strategic options to increase the shareholder value, like they say. This company can't run itself well, it needs somebody to take over it.

[bigkagan]

what an exciting stock - they give you 30% of your money for free but nobody is buying, haha

[DTM5]

As long as management keeps getting to raid the bank accounts and run thier fiefdom like kings this company will never be sold.    What is needed is a large shareholder who is an a**kicker and not a puppie.

[bigkagan]

thank goodness they don't have big capital expenses - all they need to operate is a laptop and a pen or we would be in even a bigger trouble, haha